Contracts
What happens to an Idaho real estate contract if both parties breach it simultaneously?
AThe contract is automatically void
BEither party may sue the other for breach, or they may mutually agree to rescind✓ Correct
CIREC determines the outcome
DThe title company refunds all costs
Explanation
If both parties breach, they typically negotiate a mutual rescission or seek legal remedies in court. The contract does not automatically become void — the parties' rights and obligations must be resolved.
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